Question
In: Finance
It is often assumed that the goal of the firm is to maximize profits for its...
It is often assumed that the goal of the firm is to maximize profits for its owners, the shareholders. Is the firm’s goal of profit maximization always in society’s best interests? Be sure to defend your answer and cite your sources.
Solutions
Expert Solution
Profit maximization is eccential for any firm or organization for its shareholders are owners but this is not in cost of society. If any product is made by any firm and that is harmfull for the society so the product cannot be produced or permit to produced at the cost of society.
Many times the govenment and govenment agencies can ban many product just it is harmful to the people or society at the same time government should not look the profitability of the product.
So as per the above the goal of the firm is to maximize profits for its owners, the shareholders but it is not at cost of society.
jeff jeffy answered 2 years agoRelated Solutions
It is often assumed that the goal of the firm is to maximize profits for its...
It is often assumed that the goal of the firm is to maximize
profits for its owners, the shareholders. Is the firm’s goal of
profit maximization always in society’s best interests? Be sure to
defend your answer and cite your sources.
Economists normally assume that the goal of a firm is to maximize its total revenue maximize...
Economists normally assume that the goal of a firm is to maximize its total revenue maximize profits minimize costs sell as much as possible
A perfectly competitive firm seeking to maximize its profits would want to maximize the difference between?
Question 1.A perfectly
competitive firm seeking to maximize its profits would want to
maximize the difference between?Select one:a. either a or d.b. its marginal
revenue and its marginal cost.c. its total revenue
and its total cost.d. its average revenue
and its average cost.e. its price and its
marginal cost.Question text 2.A profit-maximizing
monopolist sets?Select one:a. output where demand
equals average total cost.b. output where
marginal cost equals average revenue.c. output where
marginal cost equals marginal revenue.d. the product price
where...
The primary goal of financial management is to maximize profits. True False
The primary goal of financial management is to maximize profits.
True False
You are the manager of a gas station and your goal is to maximize profits.
You are the manager of a gas station and your goal is to
maximize profits. Based on your past experience, the elasticity of
demand by Texans for a car wash is -4, while the elasticity of
demand by non-Texans for a car wash is -6. If you charge Texans $20
for a car wash, how much should you charge a man with Oklahoma
license plates for a car wash?$1.50$15.00$18.00$20.00
the primary goal of financial management of a firm is to maximize its stock price in...
the primary goal of financial management of a firm is to
maximize its stock price in the short run. Improving ROE( return on
equity) is usually translated into greater stock price. The
question is how to improve ROE. Much research agrees that high ROE
depends on good liquidity,__________ proper use of debt.
It is often argued that the goal of financial management is to maximize the value of...
It is often argued that the goal of financial management is to
maximize the value of the firm for its owners.
Prompt: Do you agree that this is the
proper goal? Why or why not?
Read Goizueta (1997) (Links to an external site.). Here,
Goizueta defends Coca-Cola’s stated mission: “to create value over
time for the owners of our business.”
Prompt: Do you find his arguments
persuasive? Why or why not?
minimum 300 words
The goal of any firm has been assumed to be to:
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If the primary goal of the firm is to maximize its market value, market value weights...
If the primary goal of the firm is to maximize its market value,
market value weights are consistent with the firm's objective.
t/f
You are the manager of a gas station and your goal is to maximize profits. Based...
You are the manager of a gas station and your goal is to
maximize profits. Based on your past experience, the elasticity of
demand by Ohioans for a car wash is -3, while the elasticity of
demand by non-Ohioans for a car wash is -1.5. If you charge Ohioans
$9 for a car wash, how much should you charge a man with a Kentucky
license plate for a car wash?
A.
$6
B.
$15
C.
$18
D.
$9
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